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Featured local agent — Lake Grove, NY
Sarah Mitchell
Compass Real Estate · Lake Grove, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Lake Grove, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$647,500median sale price
How is the Lake Grove, NY housing market right now?
The median home sale price in Lake Grove, NY is $647,500, up 6.5% year-over-year. Homes sell in an average of 22 days with 19 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Lake Grove a buyer's or seller's market?
Lake Grove, NY is currently a seller's market, based on 3.2 months of supply and homes selling in about 22 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
22
Average pace
Active listings
19
3.2 months supply
Sale-to-list
103.6%
Above asking
What does the Lake Grove housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $647,500 |
| Median list price | $749,999 |
| Year-over-year price change | +6.5% |
| Average days on market | 22 days |
| Active inventory | 19 listings |
| Months of supply | 3.2 months |
| Sale-to-list price ratio | 103.6% |
| Median price per sq ft | $475/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 12 |
| Listings with a price cut | 31.6% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Lake Grove by property type?
How the Lake Grove, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $647,500 | $475/sq ft | 6 | 22 days |
| Condo / Co-op | $650,000 | $461/sq ft | 1 | 9 days |
Source: Redfin · Updated monthly
The Lake Grove housing market is currently classified as a seller's market with a median sale price of $647,500. Prices have risen 6.5% compared to last year, with homes spending an average of 22 days on market, indicating 3.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.1x provides context for how home values compare to local earning capacity.
Homes for sale in Lake Grove
There are currently 19 homes listed for sale in Lake Grove, New York. The median listing price is $750K.
Active listings
19
Homes on market
Median list price
$750K
Avg. days on market
22
Days until sale
New this week
12
Newly listed
Who lives in Lake Grove?
Population
11,050
Median income
$119,558/yr
Median age
42.1 years
Owner-occupied
78.8%
College grads
46.7%
Avg commute
38.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Lake Grove?
Zillow home value
$731,045
Price-to-income
6.1x
Source: Zillow Research
What is it like to live in Lake Grove?
Lake Grove is a community of approximately 11K residents with a median age of 42.1 years.The median household income is $119,558, which reflects a relatively affluent area with strong earning potential. 46.7% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 78.8%, reflecting strong community stability and long-term resident commitment. The average commute time is 38.3 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Lake Grove offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Lake Grove?
3 schools tracked · 1,285 students
The largest public schools serving Lake Grove, NY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CAYUGA SCHOOL
Grades K-5 · 505 students
WENONAH SCHOOL
Grades K-5 · 473 students
EUGENE AUER MEMORIAL SCHOOL
Grades 1-5 · 307 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Lake Grove, NY?
Want a head-to-head view? Compare Lake Grove side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Lake Grove?
The median home sale price in Lake Grove is $647,500, up 6.5% from last year.
How long do homes stay on market in Lake Grove?
Homes typically spend 22 days on market before going under contract.
What is the median income in Lake Grove?
The median household income is $119,558 per year.
Is Lake Grove a buyer's or seller's market?
With 3.2 months of supply, Lake Grove is currently a seller's market.
What is the Zillow home value estimate for Lake Grove?
The Zillow Home Value Index (ZHVI) for Lake Grove is $731,045, representing the typical home value in the area.
What is the median condo price in Lake Grove?
The median condo/co-op sale price in Lake Grove, NY is $650,000, compared to $647,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Lake Grove?
The median single-family home price in Lake Grove, NY is $647,500 (about $475 per square foot).
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